Study: 2025 ICE Raids Cost Chicago Over $1.26 Billion in Consumer Revenue
A new study finds 2025 ICE enforcement in Chicago led to over $1.26B in lost retail, restaurant and sales-tax revenue due to reduced consumer activity.
Economy
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Retirement Balances Hit Records as 401(k) Millionaires Rise
Retirement accounts stayed at record levels in Q2, lifting the number of 401(k) accounts above $1M as savers remained focused on long-term goals.
Is Today’s AI Market a Bubble? Lessons from 1980s Japan
Robust AI earnings and sky-high valuations recall 1980s Japan. History offers context for potential corrections and long-term implications.
South Korea unveils cabinet reshuffle, appoints Lee Hyoung-il as finance chief
Seoul names Lee Hyoung-il deputy PM and finance minister; Kim Seung-won and Kang Shin-chul take justice and defense portfolios.
How Unlocking $12 Trillion in Home Equity Could Reshape Retirement and the Wider Economy
Policymakers and markets eye $12 trillion in seniors’ home equity, weighing economic gains against risks for retirees and housing supply.
Assessing the Impact: How Critics Say Trump Altered U.S. Strength
Analysts outline areas where Donald Trump’s presidency changed U.S. institutions, alliances, economy and public trust, and why debates persist.
Japan and US confirm rare joint intervention to prop up yen
US President Donald Trump says helping to bolster the Japanese currency is a sign of friendship. Published On 3 Aug 20263 Aug 2026 Japan and the United States have confirmed a rare, coordinated yen-buying intervention to halt the Japanese currency’s slide to 40-year lows, with Tokyo signalling it is willing to take further action if…
How changing work patterns are reshaping urban lifestyle choices
For much of the twentieth century, cities were organized around a relatively predictable routine. Residential neighborhoods, business districts and transport systems evolved to support daily commuting between home and the workplace. Today, that model is changing as new patterns of work reshape how people choose to live, travel and use urban spaces. The expansion of…
What Higher Interest Rates Mean for Governments, Investors and Consumers
For much of the past decade, low interest rates shaped economic decisions around the world. Governments borrowed at historically low costs, businesses expanded through inexpensive financing, and households became accustomed to affordable mortgages and consumer credit. As interest rates have risen in many economies, that environment has changed significantly. Central banks typically raise interest rates…
Isaac Hammouch: Is Artificial Intelligence Going to Disrupt Our Society Faster Than Expected?
Artificial intelligence is no longer just a technological promise. It has become an economic, social, and political reality. Each week brings its share of innovations, new tools, and new questions. Yet, behind the enthusiasm of investors and companies, one question remains: are our societies truly prepared for the upcoming revolution? Economic history is punctuated by…
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